appendix 4e, page-8

I have run a lot of Companies all started, owned, operated, then sold by myself.

If ANY OF THEM came up with those results I would have gutted my staff and started again!! No way would I have let this happen. If I couldn't do a massively better job and produce immediate results I would stand naked in Myers window.

How the hell can a Public Company with so many owners let this happen!!

I could not believe the lengths some went to in defending this mob when I started kicking butt. Just shows how a properly set up Company [I mean in the interests of the Management not the shareholders] can get away with virtually anything and how they can do it hiding behind Corporate Law and a lot of well meaning but delusional people not looking at the bigger picture [aka looking after their investment]

It is a pity we can't get some forensic accountants to go
through the books. This just isn't right. Nobody could be this incompetent without a lot of practice.

Everybody [including me] keeps shooting JP down and rightly so BUT EVERYBODY who is part of the chain of command and is part of the Board is just as accountable. These people make JOINT decisions.

The entire Board should be thrown out and replaced. Nobody could do the job worse - NOBODY!! I know that won't/can't happen but that is what it needs. No different to if one of my Companies acted in this disgraceful manner and produced such unbelievable resuilts. I would throw them all straight out. I certainly wouldn't be paying them to go on and do it all over again next year [and probably with an increase]!!

Roll on AGM and DON'T give your votes to the Board. Make them count. Give NONE OF THEM any pity. Treat them all with the same contempt they have had for you.